Fiserv, Inc. $FI Stock Holdings Boosted by Groupe la Francaise

Key Points

• Groupe la Francaise increased its stake in Fiserv, Inc. by 26.3%, owning a total of 84,578 shares valued at approximately $18.57 million after a recent purchase.
• Fiserv reported a quarterly EPS of $2.47, exceeding analysts' expectations of $2.43, and had a revenue of $5.20 billion, marking an 8% year-over-year growth.
• Analyst ratings have varied, with target prices ranging from $180 to $250, and the stock currently holds a Moderate Buy consensus rating.

Groupe la Francaise boosted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 26.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,578 shares of the business services provider's stock after buying an additional 17,607 shares during the quarter. Groupe la Francaise's holdings in Fiserv were worth $18,569,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of FI. Kestra Private Wealth Services LLC raised its stake in Fiserv by 3.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider's stock valued at $1,743,000 after purchasing an additional 230 shares during the last quarter. American National Bank & Trust grew its stake in Fiserv by 2.4% in the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock worth $18,956,000 after acquiring an additional 1,983 shares during the period. Meridian Wealth Advisors LLC lifted its stake in shares of Fiserv by 4.1% during the 1st quarter. Meridian Wealth Advisors LLC now owns 26,865 shares of the business services provider's stock worth $5,933,000 after purchasing an additional 1,046 shares during the period. Ethic Inc. boosted its holdings in shares of Fiserv by 15.0% during the fourth quarter. Ethic Inc. now owns 102,023 shares of the business services provider's stock worth $20,958,000 after purchasing an additional 13,325 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Fiserv by 17.2% during the first quarter. Cerity Partners LLC now owns 476,569 shares of the business services provider's stock worth $105,241,000 after purchasing an additional 69,977 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 0.1%

Shares of Fiserv stock traded up $0.18 on Wednesday, hitting $138.06. 3,521,091 shares of the company's stock traded hands, compared to its average volume of 4,453,679. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market cap of $75.05 billion, a P/E ratio of 23.05, a PEG ratio of 0.89 and a beta of 0.91. The firm's 50-day moving average is $153.14 and its 200 day moving average is $183.38.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.04. The firm had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the subject of several research analyst reports. KeyCorp dropped their price target on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Jefferies Financial Group dropped their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Wall Street Zen upgraded Fiserv from a "hold" rating to a "buy" rating in a report on Saturday. Mizuho dropped their price target on Fiserv from $194.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Fiserv in a research note on Thursday, July 17th. They issued a "buy" rating and a $200.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $207.08.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.